<h1>US Announces 27% Reciprocal Tariffs on India as Rupee Strengthens Against Weakening Dollar</h1> The rupee recovered from initial losses to close 22 paise higher at 85.30 against the US dollar after the US announced 27% reciprocal tariffs on India. Despite early volatility, the currency strengthened as the dollar weakened following tariff announcements affecting approximately 60 countries. Experts note India faces lower tariffs compared to competitors like Bangladesh (37%), China (54%), Vietnam (46%), and Thailand (36%). The Department of Commerce is examining implications while continuing discussions on a Bilateral Trade Agreement with the US. The dollar index fell 1.65% to 102.09, while Brent crude dropped 4.10% to $71.88 per barrel.